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20121201
20121231
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CNBC
Dec 19, 2012 9:00am EST
a majority of the majority to back whatever he strikes with president obama. >> and without putting his own speakership at risk, right? he's not willing to sacrifice that? >> yeah, i think speaker boehner is in a pretty strong political spot. there's no one who could challenge him and defeat him. there could be somebody to run against him and get votes. but speaker boehner is in a pretty strong position. but he needs to maintain that position. >> all right. bob, we'll be paying close attention, as always. bob cusack joining us, managing editor of the hill. >> thanks so much. >> high heels, the holidays and a carton of high-grade milk. what's the common thread? >> i have no idea. >> tough tease. the president and the vice president of manolo will give us the scoop on that. >> 7 1/2 is all i have to say. is the fiscal cliff optimism the only thing behind this rally? we're talking all things markets. that's next. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to th
CNBC
Dec 18, 2012 9:00am EST
and obama. presumably that's what they were talking about in those meetings. but yeah, both sides are making significant concessions here. how that reverberates among their caucuses is going to be interesting today, whether the democrats on the one side and republicans on the other can live with what's being created here. >> yeah. once again, we'll keep a close ear to what the speaker says in just about an hour from now, we think, eamon. thanks a lot. >> how the cliff is impacting the markets, let's bring in michael jones. good to see you. >> good morning. >> what's your guess on how the markets react to any potential fiscal cliff deal given that we've already drifted higher? >> well, we believe that with real clarity on monetary policy for the next year, with the fed giving clear guidance, no more on-again off-again qe, you've got great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty qu
CNBC
Dec 14, 2012 9:00am EST
anyone is going to be able to bridge the gap between obama, business and congress, it's going to be him. >> your big thing is no vacation without legislation. >> right. >> the "washington post" said as of last night, the halls of the capital were virtually deserted. >> cody's the only guy working there. that's embarrassing, isn't it? >> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock ex
CNBC
Dec 21, 2012 9:00am EST
. they don't think they're elected because of president obama. they have safe seats. they're not going to do it. let's stop talking about it. >> maybe they can vote for a tax cut. >> they can't do that either, they hate each other too much. super bowl. >> do you think president obama will go into his inauguration with no deal at all? >> is he in charge? we've kept the charade up for too long. >> what charade is that? >> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would shoot it down anyhow, so plan b was largely inconsequential, are we actually worse off? does it show the deeper ridge in the republican party than anybody expected and we're much worse of
CNBC
Dec 7, 2012 9:00am EST
upgrades aetna. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone is using them. >> you are doing more private companies with disruptive technology. >> i think that the exciting part of america is we have the world's greatest technology. i want to point it out. many companies are private. >> santelli has -- >> you have to be kidding. rick santelli here. welcome. my goodness. 74 74.5. i had to double-check that one many times. we're coming off numbers at 82.7 for number. 82.6 for october. those are close. the best numbers since the fall of '07. this 74.5 is a really big drop that takes you to the weakest numbers since august when we had a series of weaker numbers. now
CNBC
Dec 31, 2012 9:00am EST
more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, there are 2 million people who would lose about $300 a week if this fiscal cliff passes and there's no deal whatsoever. guys, back to you in d.c. >> all right. john harward, thanks for keeping us posted. we're about six minutes before the bell rings in the final session of 2012. let's bring in matt. good to have you with us. the futures are not too bad. we're coming off five straight losing streaks. on friday we saw the vix post the low of the session. what do you think it will happen today? >> i'm not going to put a lot of credence in the futures this morning. i think that's out of the picture for a lot of people. they didn't really notice it because it happened after the close. we're really not going to put any credence in it downstairs today. obviously everything has to do with what they're going to negotiate starting at 10:00. funny thing is, why 10:00? why are we waiting so long? this is
CNBC
Dec 13, 2012 9:00am EST
, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is a mandate of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but it's
CNBC
Dec 24, 2012 9:00am EST
barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortene
CNBC
Dec 6, 2012 9:00am EST
. the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government says that the -- 6.6% of current u.s. consumption. >> why would prices move that dramatically at all? wouldn't they just come down globally? >> the average, our $16 goes to $4. it costs $7 to get stuff from the united states. >> you should argue that they should go down because they went be the only one. dominion has brooif cove, that's
CNBC
Dec 11, 2012 9:00am EST
all suggesting is tax rates should not go up on anyone. i'm quoting president obama when he was senator obama, bad economic times is not the time to raise taxes on anyone. then why are we raising taxes -- >> the people are for it. we should extend the middle class tax cut and not the -- >> i don't want to be rude, but congressman garrett from new jersey and congressman from new jersey. >> thank you for being here. >> this mission continues. we've got much more from capitol hill. this morning, at 10:00, senator mark warner, and 11:00 a.m. former white house chief of staff, i remember when he was working in the private sector. now it's time for my co-anchor to come in. >> jim, i can't tell if you're having fun down there or not. you tweeted this morning that -- >> you call this fun? >> yeah. >> i'll tell you one thing, guys, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion
CNBC
Dec 28, 2012 9:00am EST
. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night. and i think it's safe to say that retailers are hoping we come to a resolution quite soon. >> jackie, in terms of the cost that will need to be bore, if there is a strike, who actually eats up those costs? is it the retailers, or should consumers expect any kind of pricing changes for the goods that they purchase? >> reporter: well, it's a combination. of course, the retailers are going to absorb most of the costs. it really depends how long the strike lasts
CNBC
Dec 17, 2012 9:00am EST
to watch the flow of money, even as a result of tragedy. >> obama said obviously the governors wanted it. the governors have done a magnificent job of fighting for their states. we should keep it in front of us because it was horrendous. >> let's frame the atmosphere with regards to the cliff. on friday you were pretty critical. you said politicians don't understand, with small business you need traffic, right? >> it's the customer. you've got to get the customer in. you don't do a small -- you don't create small business having bought and -- trying to recreate an in. what matters is customers. believe me, i have partners who are very caring about the tax situation. we care about customers. if you give something that makes the customers more confident, every business does well. if you don't give us confidence, our customers pull back. and they pull back not because of taxes, they pull back because they're scared of what will happen. >> the wheels of negotiation are moving. we don't know how quickly. >> as david tepper said, they could have a deal inning hours. >>> should you ge
CNBC
Dec 3, 2012 9:00am EST
comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get the stock moving and by the end of the day i'll let retail investors know and they'll take institutions out -- >> wait until tomorrow. >> delay is better. don't make the call yet. >> that works well. >> hedge fund cliff. >> line two for you. >> when we come back this morning, the key to averting the fiscal cliff could come from a bipartisan group of senators called gang of eight. mark warner is coming here to post 9. one more look at futures. more "squawk on the street" is back after a break. if we want e our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's
CNBC
Dec 26, 2012 9:00am EST
bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the extra week that there is. number two, we've had much lower cotton costs this year. their overall costs are lower. that's helping their earnings. number three, inventory levels are much lower. and that's going to help their gross margins. number four, we had pretty good gdp numbers in q-3. number five, home prices are improving.
CNBC
Dec 12, 2012 9:00am EST
the senate. >> of course, last time, speaker boehner did a deal with obama. it was actually rejected by the rest of the gop, and the whole thing fell apart. how significant is it as boehner looks to make room amongst your party for a compromise that he's removed four outspoken cob serve tiffs from the high profile committees in the new congress? >> i don't know if that has much to do with the deal coming up, or threats to force people to make a deal. but he's got a difficult job, no doubt. but i think we all know, as republicans, there's going to be additional revenue, as much as any of us want to resist it. there's going to be additional revenue. the question really is, and the ball is really in the president's court, how much are we going to deal with the spending side. remember, if the president gets everything he wants, that's only about $82 billion in revenue next year. with a deficit of, what, $1.2 trillion. so it really is the spending that matters most right now. and that's what we haven't seen a good plan for. >> sessions also told the "times" this morning he respec
CNBC
Dec 20, 2012 9:00am EST
market goes down. hey, memo to speaker boehner and president obama, could you give us a couple days off so we can actually trade here? >> two straight days of gapes, the s and p fell the most in five weeks in yesterday's session. not like we have been saying the markets want to drift higher, immune to the headlines, at the end of the day you watching this extremely closely in terms of the developments, will we reach that deal, 11 days and counting? >> people pointing to claims this morning, these very co-incident indicators, if there's no deal, you will see claims fight in a hurry, as businesses start to prep for what will -- what we can anticipate will be a back lack of demand. >> couple that with ex-spir rakes of the payroll tax cut, a lot of chat ber that this morning, an article in i believe the "journal" or "the times," average tax bill for a family, average household making $50,000 would be $1,000. taxes would go up by $1,000. most people in that tax bracket believe that their taxes won't be impacted. but they will. >> paid monthly, some people every other week. there will be two
CNBC
Dec 5, 2012 9:00am EST
. in a little more than an hour from now, president obama will address the fiscal cliff before ceos at the business roundtable. we'll bring you live coverage including the q & a session. as we head to break, look at movers on wall street. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their g
CNBC
Dec 27, 2012 9:00am EST
january, unfortunately. the market doesn't seem to care. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the
CNBC
Dec 4, 2012 9:00am EST
. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national governors association executive committee. a diverse group. he carried three states he represents and governors include scott walker, leader of conservative government reform movement going after public employee pensions and shrink government obligations that way. governors are pragmatic. the president is trying to make the case if you look at polls and revenue needs of the government and ageing of our population, the pragmatic thing to do is trim entitlements. the significance of speaker boehner's offer yesterday he put specifics on entitlements on the table. they are significant raising the medicare eligibility ag
CNBC
Dec 10, 2012 9:00am EST
statement. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it'
Search Results 0 to 19 of about 20